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praveenan9611 3 views 8 slides Jun 10, 2024
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assignment                                                         introduction

1.What is business?. BUSINESS:  A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships. Apple and Walmart are two examples of well-known, successful businesses.

Types of business?. Sole Proprietorship : As the name suggests, a  sole proprietorship  is owned and operated by a single person. There is no legal separation between the business and the owner, which means the tax and legal liabilities of the business are the responsibility of the owner. Partnership : A  partnership  is a  business relationship between two or more people who together conduct business. Each partner contributes resources and money to the business and shares in the profits and losses of the business. The shared profits and losses are recorded on each partner's tax return.

Types of business?. Corporation : A  corporation  is a business in which a group of people acts as a single entity. Owners are commonly referred to as  shareholders  who exchange consideration for the corporation's  common stock . Incorporating a business releases owners of the financial liability of business obligations. A corporation comes with unfavorable taxation rules for the owners of the business. Limited Liability Company (LLC) :   This is a relatively new business structure and was first available in Wyoming in 1977 and in other states in the 1990s. A  limited liability company  combines the pass-through taxation benefits of a partnership with the limited liability benefits of a corporation.

2.what is a database?. Databases are a collection of logically related records or files. You can perform various operations, such as accessing, managing, updating, regulating and organizing the data stored in a database.

3.What is  sap?. SAP is one of the world’s leading producers of software for the management of business processes. SAP software provides multiple business functions with a single view of the truth. This helps companies better manage complex business processes by giving employees of different departments easy access to real-time insights across the enterprise. As a result, businesses can accelerate workflows,

4.advantages of sap?. Integration can be the highest benefit of them all. The only real project aim for implementing ERP is reducing data redundancy and redundant data entry.  Efficiency  Generally, ERP software focuses on integration and tend to not care about the daily needs of people.  Cost reduction  It reduces cost only if the company took accounting and reporting seriously even before implementation and had put a lot of manual effort in it.  Less personnel  Same as above. Less reporting or accounting personnel, but more sales assistants etc. Accuracy  No. People are accurate, not software. What ERP does is makes the lives of inaccurate people or organization a complete hell and maybe forces them to be accurate.

5.what is erp ?. Enterprise resource planning (ERP) is a software system that helps you run your entire business, supporting automation and processes in finance, human resources, manufacturing, supply chain, services, procurement, and more. The importance of ERP software to businesses is illustrated by the growing adoption rate. 
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